Aptus Capital Advisors LLC Grows Holdings in Tesla, Inc. (NASDAQ:TSLA)

Aptus Capital Advisors LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,686 shares of the electric vehicle producer’s stock after buying an additional 17,018 shares during the period. Aptus Capital Advisors LLC’s holdings in Tesla were worth $33,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after purchasing an additional 331 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Tesla in the 1st quarter worth about $1,941,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Tesla by 2.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,711,536 shares of the electric vehicle producer’s stock valued at $300,870,000 after buying an additional 44,817 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in Tesla by 139.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 25,098 shares of the electric vehicle producer’s stock valued at $4,412,000 after buying an additional 14,626 shares during the period. Finally, New Insight Wealth Advisors lifted its stake in Tesla by 0.3% in the first quarter. New Insight Wealth Advisors now owns 32,919 shares of the electric vehicle producer’s stock worth $5,787,000 after acquiring an additional 90 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 24th. Phillip Securities raised shares of Tesla to a “moderate sell” rating in a research note on Friday, October 25th. HSBC reissued a “reduce” rating and set a $124.00 price target on shares of Tesla in a research note on Friday, October 11th. New Street Research cut shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target for the company. in a research report on Wednesday, July 24th. Finally, Canaccord Genuity Group raised their price objective on shares of Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $225.06.

Tesla Price Performance

NASDAQ:TSLA traded down $6.30 during mid-day trading on Tuesday, reaching $343.70. 55,251,992 shares of the stock were exchanged, compared to its average volume of 95,237,930. The business has a fifty day moving average price of $243.90 and a 200 day moving average price of $217.03. The firm has a market capitalization of $1.10 trillion, a PE ratio of 94.16, a PEG ratio of 10.59 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total transaction of $1,007,040.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,442,856.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,797 shares of company stock worth $19,211,821. 20.70% of the stock is currently owned by company insiders.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.